TheBlock
OKX's X Layer, the EVM-compatible Layer 2 blockchain, has launched Exchange OS — an infrastructure upgrade that lets developers, institutions, and ecosystem participants deploy their own spot, perpetual, and outcome markets using the same stack that powers OKX itself.
The core idea is to eliminate the binary choice builders have faced for years: rely on centralized infrastructure or rebuild complex exchange systems from scratch. Exchange OS solves this by pushing core exchange functions — matching, margining, liquidation, settlement, and risk management — down to the protocol layer, where they can be configured permissionlessly via the XIP-Exchange OS governance process. A unified account and margin system spans all market types, meaning a single pool of capital can express a view across spot, perps, and outcome markets simultaneously.
CoinDesk
Crypto Rank News
CoinTelegraph